Simulation Question 4-4 This simulation question is based upon a true set of facts. The information contained in the available sources simulation question was obstained from publicly What is the Relationship Between the Fraud Triangle and Financial Statement Fraud? - The Fraud Triangle Pressure/Incentive Opportunity Rationalization/ Attitude Required First, search the Internet or refer to textbooks to learn as much as you can about the Fraud Triangle. Then, answer the following: 1. What is the Fraud Triangle? Discuss your understanding of the Fraud Triangle and give examples of financial statement fraud for each of the three elements of the Fr Triangle (a) Opportunity-give real or hypothetical examples in financial statement fraud. (b) Pressure-give real or hypothetical examples in financial statement fraud. (c) Rationalization-give real or hypothetical examples in financial statement fraud. Note: Remember to cite references/sources from the Intermet or textbooks. Your discussion for part 1 must not exced 3 pages of typing using single space and medium size font. 2. How can the Fraud Triangle detect/prevent financial statement fraud? Discuss how each of the three elements of the Fraud Triangle can detecu/prevent financial statement fraud (a) Opportunity explain how this element can detect/prevent financial b) Pressure explain how this element can detect/prevent financial statement fraad statement fraud. how this element can detect/prevent financial statement fraud